Day Four – Tracking Expenses

Well it’s almost Friday and I only spent a dollar yesterday. I am not sure where or how, because I forgot to bring my notebook down, but I think I dropped it in one of those collection buckets for the holidays.  I know it’s for a good cause, but I am upset I can’t remember where it went.  And, maybe, just maybe I also bought myself a candy bar…
So technically I have $2.50 left. For the weekend.  Plus that extra dollar I hid away and said I would never, never ever touch….
I can feel it calling to me, in that little box up in the closet, but I suppose at this point, another $1 wouldn’t make that much difference, and I am better off leaving it there, right?
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See ya,
Lils

Lily's Day 4 of Where does my Allowance go?

So today, I managed not to spend any of my money after all.  It helped maybe that I left it at home so I wasn’t tempted by anything.  Well I was.  There was a magazine I really wanted because it had a story about Hannah Montana on it.  But Daisy made fun of me, so I didn’t get it.   The Rose pointed out that I could probably go to the library to get it.  Well, it wasn’t there but one of my other favorites was, so I found out something.  You can take all but the current issues home with you.  I wound up taking like 7 different ones home, even ones I had never thought about before, including one about personal finance and starting your own business.  I thought it would be good research.

So today, according to my notebook, I still have $4.50 left for the week…
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See ya,
Lils

Money Tips for the Junior Set

So I have been doing so much searching on the internet for MoneyGirl section of our GirlMoguls power site.   I listed a bunch of links I found in my last post, but now, instead of just searching for links, I am trying to take all the information and make sense of it.  Rose says that if you just jave all of these facts floating around but you never know how they fit together, then you might as well not have the facts at all.  
So my first idea was about an allowance.  I get one every week and sure enough by Wednesday it’s gone.  And I am always begging my mother for some more money.  She keeps saying things like “Money doesn’t grow on trees” or “I’m not made of money.”   Sometimes I get more money and sometimes I don’t.
So I thought it would be great if I could get through a whole week and still have money left over.  I also thought it would be nice to know where all my money went.    So here’s what I learned:
Tip 1: Pay yourself first.  I took 10% of my allowance (that $1) and put it aside.  I hid it in my closet in a special shoebox.  (I figure I can tell you since you won’t be coming to Riverton anytime soon.). I am supposed to do this every week and never ever, ever touch this money, so it can grow and grow and grow.  
Tip 2: I got a little notebook (I was going to buy one, but then I found an old one I had lying around that I didn’t even know about).   I use the little notebook to write down everything I spend.  At the end of the week, I’ll had it all up and see how much I spent and what I spent it on.
Monday – $1.75  at the school store (cute pencils and pens).
More tomorrow.
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